Key Person Protection

How would your business manage financially after a loss of a key person? 1 in 10 businesses expect to stop trading straight away after a death of a key person. Could your business survive if you lost important personal or business contracts? Could your business survive if your profits decreased and your customers and suppliers started to lose confidence in your company; or could you afford to recruit and train a replacement?

Key Person Protection

What is a Key Person?

A key person may be one of a number of people within a business such as:

Chairman
Managing director
Marketing manager
Computer specialist
Sales manager

By having Key Person protection means you will receive money into the business if a key person is critically ill or dies. This money can be used to pay for the key person in their absence and can also be used to help you find a temporary or permanent replacement. You can rest assured that the money will cover any loss of profits until the new person is fully trained.

If you would like to find out more information regarding our Key Person Protection services please contact us.